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DAILY PREDICTION

MCX Tips for – November 16, 2017

Gold (29525): Gold is trading into positive zone and traders can hold long positions until Gold closes below 29409 levels. Traders can initiate long positions on every dip until Gold closes below 29409 levels.

Silver (39711):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39916  levels.

Crude (3621): Crude is trading into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes below 3687 levels.

Natural Gas (201.00): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 209.40 levels.

Copper (441.10): Copper has entered into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 446.80.

Zinc (208.00): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 210.40  levels.

Lead (158.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 162.40 levels.

Nickel (760.00):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 784.05 levels.

Aluminium (136.95):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 138.20 levels.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

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